Fox Run Management L.L.C. Invests $1.10 Million in The Marzetti Company $MZTI

by · The Markets Daily

Fox Run Management L.L.C. bought a new position in shares of The Marzetti Company (NASDAQ:MZTI – Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 6,681 shares of the company’s stock, valued at approximately $1,098,000.

A number of other institutional investors and hedge funds also recently modified their holdings of MZTI. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Marzetti during the fourth quarter worth $33,000. Lodestone Wealth Management LLC acquired a new stake in shares of Marzetti during the fourth quarter worth $37,000. Farther Finance Advisors LLC acquired a new stake in shares of Marzetti during the fourth quarter worth $52,000. Creative Financial Designs Inc. ADV acquired a new stake in shares of Marzetti during the fourth quarter worth $52,000. Finally, Blue Trust Inc. acquired a new stake in shares of Marzetti during the fourth quarter worth $57,000. 66.44% of the stock is owned by institutional investors and hedge funds.

Marzetti Trading Up 1.0%

NASDAQ:MZTI opened at $110.01 on Wednesday. The firm has a market capitalization of $3.02 billion, a price-to-earnings ratio of 17.22 and a beta of 0.33. The Marzetti Company has a 1-year low of $105.80 and a 1-year high of $190.96. The business’s fifty day moving average price is $124.07 and its 200 day moving average price is $148.71.

Marzetti Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, June 5th will be given a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Friday, June 5th. Marzetti’s dividend payout ratio is presently 62.60%.

Wall Street Analysts Forecast Growth

MZTI has been the topic of a number of recent analyst reports. Weiss Ratings lowered Marzetti from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, May 20th. Stephens dropped their price target on Marzetti from $160.00 to $140.00 and set an “equal weight” rating on the stock in a research report on Wednesday, May 6th. Finally, DA Davidson dropped their price target on Marzetti from $184.00 to $168.00 and set a “neutral” rating on the stock in a research report on Monday, March 16th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $169.33.

Get Our Latest Analysis on Marzetti

About Marzetti

(Free Report)

Lancaster Colony Corporation engages in the manufacturing and marketing of specialty food products for the retail and foodservice channels in the United States. It operates in two segments, Retail and Foodservice. The company offers frozen garlic bread under the New York BRAND Bakery; frozen Parkerhouse style yeast and dinner rolls under the Sister Schubert's brand; salad dressings under the Marzetti, Simply Dressed, Cardini's, and Girard's brands; vegetable and fruit dips under the Marzetti brand; croutons and salad toppings under the New York BRAND Bakery, Chatham Village, and Marzetti brands; and frozen pasta under the Marzetti Frozen Pasta brand.

See Also

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